Statement from Anthony Waldron, Executive General Manager, NAB Broker Partnerships:

“NAB welcomes the release of ASIC’s report into mortgage broker remuneration structures and we are now reviewing its contents and recommendations.

We support the report’s findings that increased transparency for consumers is a good thing, which is one of the reasons we have never paid volume based incentives on mortgages.

We will continue to work with industry and government to ensure customer outcomes are strengthened and to build greater trust and confidence in the mortgage broking industry.”